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KD7HB KD7HB is offline
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Default OT WSJ -- Does the estate tax hurt farmers and family businesses?

I guess it all depends on if you are getting death tax personally or not. Then it is a big deal! Many ranches in the West have been inherited for two or more generations. Now, because of continuing inflation, the ranch is worth many millions in current dollars. Nothing on the ranch has changed. Only inflation. So, now the Government wants to charge the estate for the inflation the Government has created. There is no money available to pay the inflation/death tax, so the ranch has to be sold with short notice for what the family can get for it.

People should really stop with the "inheritance tax" and "death tax" and start calling it what it really is, "inflation tax".

Paul